Question
Raman invested Rs. 70,000 in a bank offering 10% compound interest per annum for 2 years. After 2 years, he used the total amount to start a business with Raj, who contributed Rs. 50,000. Raman invested his amount for 8 months, while Raj kept his investment in the business for the entire year. What will be the ratio of their profits at the end of the year?
Raj invested 50,000 for 12 months Required ratio = 84,700×8: 50,000×12 = 677600: 600,000 = 6776: 6000 = 847: 750More Compound Interest Questions
- Find the compound interest and the amount on Rs 4000 at 5% per annum for 2 years, compounded annually.
- The compound interest on a sum of money for 3 years is 7,280. The sum amounts to 17,280 in 3 years. What is the rate of interest compounded annually?
- A sum of money was invested at 10% p.a. compound interest (compounded annually), and it amounted to Rs. 6050 at the end of 2 years. Find the original sum.
- A person invests ₹80,000 in a mutual fund. The investment grows at a rate of 8% per annum, compounded annually. After 3 years, he decides to withdraw ₹10,0...
- Raj invests a certain amount, which grows to Rs. 7,200 at the end of 2 years and further increases to Rs. 8,640 at the end of 3 years, at a specific annual...
- Rahul invested ₹4,000 in a scheme offering a compound interest rate of 16% per annum, compounded semi-annually. Calculate the total interest earned by him ...
- Soni gets a SI of Rs. 3360 on a certain principal at the rate of 7%p.a. in 3 years. What CI will she get on twice the principal in two years at the same ra...
- The C.I on a sum of Rs. 6400 becomes Rs. 1276.5625 in 9 months. Find the rate of interest, if the rate of interest is compounded quarterly?
- The compound interest on a certain sum in 2.5 years at 10% p.a., interest compounded yearly, is 1,623. The sum is:
- Digvijay takes a loan of ₹25,000 at an annual compound interest rate of 10%. He repays ₹4,000 at the end of each year. How much should he pay at the end of...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
